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February  5, 2002
OLYMPUS ANNOUNCES NEW IS-500 ALL-IN-ONE AF SLR
WITH HIGH-PERFORMANCE 28 - 120mm 4.3X ZOOM LENS
Ultra-compact, high-performance 4.3x zoom lens with ED glass element
Next-generation, ergonomic, all-in-one design for superb handling
Easy-to-use shooting modes for enhanced photographic creativity
IS-500
IS-500
* This news release is only for the Asian Market.
Summary
Olympus Optical Co., Ltd. (President: Tsuyoshi Kikukawa) is pleased to introduce the IS-500 all-in-one 35mm SLR. The IS-500 is equipped with a versatile 28 - 120mm 4.3x zoom lens and represents the next stage of evolution in the sophisticated and highly successful Olympus IS series. Building on the ergonomic design advantages of the all-in-one SLR format pioneered by Olympus, the IS-500 offers superb handling and outstanding ease-of-use.
Equipped with a high-resolution 4.3x zoom lens, the new IS-500 provides a wide range of focal lengths, from a 28 mm wide-angle to 120 mm telephoto position. The precision-crafted optical system comprises multi-coated lenses, including one ED (Extra-low Dispersion) lens element, to preserve image clarity even at the highest magnification factor. Flexible shooting modes automatically adjust the camera settings to suit particular compositions such as portraits, landscapes or even fireworks. The users are thus able to exercise their creativity quickly and with little effort in nearly any situation. Assuring optimal illumination at every focal length, this model incorporates a powerful, advanced twin flash system.
Olympus' original All-In-One IS design has been further enhanced and is even more sleek and streamlined. The new styling permits easy, fast access to the controls and intuitive handling. A special Quartzdate version* of the IS-500 is also available that permits the date/time of photos to be printed to each frame.
Ideal for those who wish to discover the great scope offered by SLR photography, the IS-500 blends versatility, performance and ease-of-use in a practical All-In-One body.
* Not available in all markets.
Development Background
The IS-500 was developed in response to continued strong demand for a full-featured, all-in-one SLR camera that eliminates the need for photographers to carry multiple lenses and other equipment when shooting. It's precision-crafted 4.3x zoom lens offers a wide range of focal lengths -- from 28mm wide-angle to 120mm telephoto -- and its versatile shooting modes make it easy for photographers to exercise their creativity in virtually any situation. An advanced twin flash system was included to match the camera's wide zoom range.
Main Features
HIGH-PERFORMANCE 4.3X ZOOM LENS
The high-performance, 28 - 120mm 4.3x zoom lens features 15 elements in 10 groups, with 4-group zoom construction. Multi-coated, precision optical glass lenses assures outstanding sharpness and clarity, with an ED (Extra-low Dispersion) glass element for reduced chromatic aberration. The wide zoom range provides unparalleled all-in-one shooting flexibility -- from dramatic, 28mm wide-angle shots to intimate, 120mm telephoto portraits.

ERGONOMIC ALL-IN-ONE BODY DESIGN
The IS-500's slim, attractive body represents the next stage of evolution in ergonomic, all-in-one camera design. Balance is superb, with quick, responsive handling that means fewer missed opportunities. Silver-metallic coloring emphasizes the camera's high quality and performance standards.

VERSATILE EXPOSURE MODES FOR ENHANCED SHOOTING EASE
Outstanding ease of use is assured by a convenient Mode select button that gives users instant access to Program AE, Aperture-Preferred AE, and Long Time shooting modes. When set to Program AE mode, users are offered a further choice of Full Auto, Stop Action, Portrait, Night Scene, and Landscape modes (described below). In Aperture-Preferred mode, photographers can control depth of field by setting the aperture; shutter-speed selection is automatic. In Long Time mode -- which is designed for creative nighttime photos of moving traffic, fireworks, or star-filled skies -- the aperture is fixed at F8 and a choice of 1, 2, 4, 8, 15, 30, and 60 sec. timed exposures is offered.

DIRECT MODE SELECT BUTTON
By simply pressing the Direct Mode Select Button, photographers can explore the advantages of SLR performance, confident that the results will be all that they want. The icons are easy to understand, and there are four modes suited to the range of situations.

Full Auto Mode: Provides point-and-shoot convenience that allows photographers to respond instantly to any photo opportunity.

Stop Action Mode: Freezes fast-moving subjects by automatically selecting the fastest shutter speed at which correct exposure can be achieved, up to a maximum of 1/2000 sec. In addition, it activates predictive autofocusing to help keep the subject in focus.

Portrait Mode: Emphasizes the foreground subject by automatically selecting the largest aperture at which correct exposure can be achieved, thereby creating a shallow depth-of-field that blurs distracting background elements. The flash also fires with every shot (unless the pop-up flash is closed), and if the shutter speed is above 1/100 sec., Super FP flash is automatically used to assure correct synchronization.

Night Scene Mode: Assures that both foreground subjects and background scenery are properly exposed when shooting at night. Uses the flash to illuminate the foreground (unless the pop-up flash is closed), and a slow shutter speed (max. 4 sec.) to capture background lights and scenery.

Landscape Mode: Assures crisp focus when taking landscape photos or group photos with scenery in the background.

MACRO CLOSE-UP CAPABILITY AT ANY ZOOM SETTING
When in Macro mode, macro shooting from as close as 60cm is possible at any zoom setting. Shooting range is up to 1/4.8x (115 x 171mm).

GN20 HIGH-POWER TWIN FLASH SYSTEM
The IS-500 is equipped with a compact, yet powerful, twin flash system with two flashtube elements. The high-power flashtube, which provides flash for telephoto shots, has a guide number of 20 (in meters, ISO 100). Maximum flash range is 8.4 meters when shooting with ISO 400 color negative film. The other flashtube, which provides intelligent variable-power flash for wide-angle shots, has a guide number of 13 (in meters, ISO 100). Flashtube selection is automatically determined by the zoom setting.

INTELLIGENT VARIABLE-POWER FLASH SYSTEM
An Intelligent Variable-Power Flash System regulates flash intensity according to subject distance and ambient light level, assuring correct exposure of flash portraits and close-ups. In addition, the system detects the presence of artificial light and provides Auto Color-Balancing Flash when the subject is illuminated by fluorescent or other artificial light sources. An added bonus is provided by Super FP flash, which provides flash synchronization at shutter speeds up to 1/2000 sec.

VERSATILE FLASH MODES
The IS-500 offers a choice of Auto Flash, Fill-In Flash, and Red-Eye Reduction modes. In Auto Flash mode, the flash fires in low light, backlight, and artificial light; in Fill-In Flash mode, it fires with every shot regardless of lighting conditions; in Red-Eye Reduction mode, the series of lower-powered pre-flashes fires before the main flash is triggered. All flash modes are disabled when the pop-up flash is closed.

LARGE, REAR-MOUNTED LCD PANEL
A large LCD panel on the back of the camera allows photographers to confirm mode settings and shooting parameters at a glance.

REAL-IMAGE ZOOM VIEWFINDER
The real-image zoom viewfinder is equipped with LED indicators for autofocus, flash charge and exposure, as well as a spot frame and autofocus frame.

HIGH-PRECISION AF SYSTEM WITH CMOS LINE SENSOR
The high-precision autofocus system uses a CMOS line sensor to assure outstanding accuracy in low-light situations. In fact, the sensor is so sensitive that focusing remains accurate even when it so dark that the subject is barely visible to the human eye.

SPOT METERING
In addition to fuzzy-logic ESP and center-weighted average metering (selection automatically determined by shooting mode and lighting conditions), the IS-500 is equipped with spot metering that can be used to lock-in exposure settings for a particular area of the frame.

EXPOSURE COMPENSATION
Exposure compensation of +-2EV can be set in 1/2-step increments.

DIOPTRIC ADJUSTMENT
The viewfinder eyepiece features dioptric adjustment of -2 to +1 diopters that can be set to suit the photographer's preference.

DATE/TIME IMPRINTING*
If desired, the date/time of shooting can be imprinted on each frame.
* Not available in all markets.

OPTIONAL INFRARED REMOTE CONTROL
Optional infrared remote control units are available, and can be used to release the shutter from up to 5 meters away. Featuring a 3-second delay, they are ideal for group photos and self-portraits.
*Olympus Optical Co., Ltd. was changed to OLYMPUS CORPORATION as of October 1, 2003.
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